Sfmg LLC Has $3.09 Million Position in Costco Wholesale Co. (NASDAQ:COST)

Sfmg LLC lessened its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 1.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,372 shares of the retailer’s stock after selling 38 shares during the period. Sfmg LLC’s holdings in Costco Wholesale were worth $3,090,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. RPg Family Wealth Advisory LLC acquired a new position in shares of Costco Wholesale during the 3rd quarter valued at $29,000. Synergy Investment Management LLC acquired a new position in Costco Wholesale during the fourth quarter worth $31,000. NewSquare Capital LLC raised its holdings in Costco Wholesale by 250.0% during the fourth quarter. NewSquare Capital LLC now owns 35 shares of the retailer’s stock worth $32,000 after buying an additional 25 shares during the last quarter. Endeavor Private Wealth Inc. acquired a new position in Costco Wholesale during the fourth quarter worth $33,000. Finally, Collier Financial acquired a new position in Costco Wholesale during the fourth quarter worth $35,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Insider Activity at Costco Wholesale

In related news, CEO Roland Michael Vachris sold 3,600 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $931.00, for a total value of $3,351,600.00. Following the sale, the chief executive officer now directly owns 41,077 shares of the company’s stock, valued at $38,242,687. This trade represents a 8.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.18% of the stock is currently owned by insiders.

Costco Wholesale Trading Up 1.5 %

Shares of Costco Wholesale stock opened at $909.26 on Friday. Costco Wholesale Co. has a 12-month low of $697.27 and a 12-month high of $1,078.24. The company has a market cap of $403.42 billion, a price-to-earnings ratio of 53.39, a PEG ratio of 6.15 and a beta of 0.82. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. The company’s 50-day moving average price is $987.55 and its 200-day moving average price is $944.60.

Costco Wholesale (NASDAQ:COST) last announced its earnings results on Thursday, March 6th. The retailer reported $4.02 earnings per share for the quarter, missing analysts’ consensus estimates of $4.09 by ($0.07). The company had revenue of $63.72 billion during the quarter, compared to analysts’ expectations of $63.02 billion. Costco Wholesale had a net margin of 2.93% and a return on equity of 32.31%. On average, equities analysts expect that Costco Wholesale Co. will post 18.03 earnings per share for the current fiscal year.

Costco Wholesale Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were paid a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date of this dividend was Friday, February 7th. Costco Wholesale’s dividend payout ratio is currently 27.09%.

Wall Street Analyst Weigh In

Several research firms have weighed in on COST. Evercore ISI upped their price objective on shares of Costco Wholesale from $1,050.00 to $1,070.00 and gave the stock an “outperform” rating in a report on Tuesday, March 11th. Truist Financial upped their price objective on shares of Costco Wholesale from $935.00 to $995.00 and gave the stock a “hold” rating in a report on Friday, March 7th. UBS Group upped their target price on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Citigroup upped their target price on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 18th. Finally, Loop Capital reduced their target price on shares of Costco Wholesale from $1,150.00 to $1,135.00 and set a “buy” rating for the company in a research note on Friday, March 7th. Nine investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,029.00.

Costco Wholesale Company Profile

Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, Mexico, Japan, the United Kingdom, Korea, Australia, Taiwan, China, Spain, France, Iceland, New Zealand, and Sweden. The company offers branded and private-label products in a range of merchandise categories.